PC Connection Q3 net sales rise 4.6%, net income 5.7% to $27.1 million
PC Connection reported third-quarter 2024 results for the quarter ended September 30, 2024, with net sales of $724.7 million, up 4.6%, and net income of $27.1 million, up 5.7%, or $1.02 per diluted share versus $0.97 a year earlier. Gross margin narrowed to 18.7% from 19.0%, and adjusted diluted EPS was flat at $0.97, while the Board declared a $0.10 quarterly dividend.
Key points
- Net sales were $724.7 million, up 4.6% from $693.1 million; gross margin was 18.7% versus 19.0% a year earlier.
- Diluted EPS was $1.02 versus $0.97; adjusted diluted EPS was $0.97, flat year over year, and GAAP other income included $1.7 million from a legal settlement.
- Quarterly dividend of $0.10 per share, payable November 29, 2024, to shareholders of record on November 12, 2024.
- For the nine months, net sales fell 2.8% to $2.09 billion, while net income rose 11.6% to $66.4 million.
The filing
Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
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